SC decision on Subrata Roy's fate today
- 5 years ago
The Supreme Court will on Monday resume hearing the bail plea of Sahara Group chief Subrata Roy's bail plea.
In one of its hearings, the apex court had ordered the group to pay Rs 10,000 crore for Roy's bail, Rs 5,000 crore in bank guarantee and rest Rs 5,000 crore in cash.
However, the company said it would not be able to pay the amount and during a hearing on Thursday last week float proposal before the Supreme Court that it was willing to pay Rs 2,500 crore within four days and another Rs 2,500 crore in cash within 60 days for release of its chief Subrata Roy and two directors.
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In one of its hearings, the apex court had ordered the group to pay Rs 10,000 crore for Roy's bail, Rs 5,000 crore in bank guarantee and rest Rs 5,000 crore in cash.
However, the company said it would not be able to pay the amount and during a hearing on Thursday last week float proposal before the Supreme Court that it was willing to pay Rs 2,500 crore within four days and another Rs 2,500 crore in cash within 60 days for release of its chief Subrata Roy and two directors.
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